Senior Actuary, Pricing & Portfolio

Introduction

At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward.

Here, agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen, we champion innovation, value accountability, and thrive on building something better together. If you’re looking to join a team that’s rewriting the future of underwriting, we’d love to hear from you.

How you'll make an impact

Why Gallagher?

Gallagher is a global leader in Insurance broking, risk management and consulting, with over 71,000 employees worldwide in over 130 countries. We have a global reach with a local presence and pride ourselves on being a socially responsible and an ethical organisation expressed through our Shared Values, The Gallagher Way. We are proud to have been awarded one of Insurance Business Australia Top Insurance Employers and Forbes Best Employer for Women.

The Senior Actuary, Pricing & Portfolio plays a pivotal role in driving pricing excellence, portfolio performance and sustainable growth across Pen Underwriting’s portfolios, providing trusted actuarial leadership and strategic insights to support underwriting decisions, capacity partnerships and long-term business success.

The Role

• Lead pricing strategy, governance and actuarial oversight to ensure pricing adequacy, profitability and sustainable portfolio growth.
• Monitor and analyse portfolio performance, providing insights and recommendations to improve underwriting outcomes and loss ratios.
• Deliver portfolio reviews, forecasting and performance reporting, identifying key trends, risks and opportunities for improvement.
• Support binder renewals and capacity relationships through actuarial analysis, pricing assessments and portfolio performance reporting.
• Partner with underwriting, data and technology teams to enhance pricing models, rating tools and digital trading capabilities.
• Provide strategic actuarial advice to senior leaders, supporting product development, business planning and key business decisions.

What You’ll bring

• Fellow of the Institute of Actuaries (or equivalent) with significant actuarial experience in general insurance.
• Strong expertise in pricing, portfolio analytics, performance management and advanced actuarial modelling.
• Proven ability to deliver actuarial insights and present recommendations to senior executives and external stakeholders.
• Strong commercial acumen, balancing technical excellence with practical business outcomes.
• Excellent communication and stakeholder management skills; experience within delegated underwriting, specialty insurance or capacity-led markets will be highly regarded.
• Why Join Gallagher?
• Grow Your Career: Unlock personalised career pathways, access tailored training programs, and benefit from tuition assistance to support your professional growth.
• Prioritise Your Wellbeing: Take advantage of our wellbeing initiatives, including an employee assistance program, additional Lifestyle Leave, and resources to help you stay balanced and healthy.
• Enjoy Rewards and Benefits: Save with Gallagher Rewards, offering discounts at over 350 major retailers. Plus, participate in our Employee Stock Purchase Plan and explore salary-sacrificed superannuation options.
• Make a Difference: Give back to the community with paid volunteering days to support causes close to your heart.
• Be Part of an Inclusive Culture: Join a workplace that celebrates diversity and inclusion, welcoming people of all backgrounds, faiths, sexual orientations, gender identities, and lifestyle choices.
• Employment offers are subject to satisfactory reference & background checks.
• Gallagher is an Equal Employment Opportunity (EEO) employer committed to workplace diversity and inclusion. We embrace a working environment that celebrates individuality and fosters collaboration.
• This is an exciting chance to join a global leader and make a real impact. Apply now via Gallagher Careers. Our Talent Acquisition team is here to help at [email protected].

Compensation and benefits

At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.

Competitive compensation

Comprehensive benefits programs designed to support your well-being

Career development opportunities and ongoing learning

A collaborative, people-first culture with accessible leadership

The opportunity to do meaningful work with global reach and local impact

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)